(Bloomberg) -- European government bonds fell as
waning concern that defaults on U.S. subprime mortgages will hurt
the wider economy prompted investors to seek higher yields on
riskier assets such as stocks and emerging market debt.
Benchmark 10-year debt dropped, pushing yields up from a
week low, as shares in Asia rallied after a Chinese report that
showed the economy grew at the fastest pace in 12 years and as
European equities rose. Federal Reserve Chairman Ben S. Bernanke
yesterday predicted growth will pick up ``a bit'' next year.
Read more at Bloomberg Bonds News
waning concern that defaults on U.S. subprime mortgages will hurt
the wider economy prompted investors to seek higher yields on
riskier assets such as stocks and emerging market debt.
Benchmark 10-year debt dropped, pushing yields up from a
week low, as shares in Asia rallied after a Chinese report that
showed the economy grew at the fastest pace in 12 years and as
European equities rose. Federal Reserve Chairman Ben S. Bernanke
yesterday predicted growth will pick up ``a bit'' next year.
Read more at Bloomberg Bonds News
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